- 25 bps increase77%
- No change20%
- 50+ bps increase2%
- 25 bps decrease2%
- 50+ bps decrease0%
The story so far
written Sep 29What is happening
Borrowing costs for U.S. consumers and businesses depend on the Federal Open Market Committee (FOMC) decision scheduled for December 10, 2026 [1][2]. Traders currently price a 77% probability that the Federal Reserve will increase the federal funds target range by 25 basis points at that meeting [2]. A smaller 20% segment of the market anticipates the central bank will maintain current rates, while expectations for larger hikes or rate cuts remain at 2% each [2].
What to watch
The Federal Reserve will publish the official FOMC statement and the upper bound of the federal funds target range on December 10, 2026 [1][2]. A press conference transcript and formal meeting minutes will follow to confirm the specific policy shift [1]. These official releases will determine if the target range aligns with the 25-basis-point increase currently favored by market participants [2].
Read the full brief · how we got here
How we got here
The FOMC sets the federal funds rate during eight scheduled meetings each year to influence national economic activity [2]. The committee uses these sessions to adjust the target range based on its assessment of inflation and employment data [2]. The December 2026 meeting serves as the final policy session for the current calendar year [1].
References · 2
- [1]federalreserve.gov — The Fed - Transcripts and other historical materials
- [2]federalreserve.gov — The Fed - Economy at a Glance - Policy Rate - Federal Reserve Board
What would close this
0 of 4 metTimeline
newest firstWhen we started following: Polymarket traders price 77% chance of 25-basis-point Fed rate hike in December 2026
Traders on Polymarket place the highest probability on a 25-basis-point increase to the federal funds target range at the December 2026 Federal Open Market Committee (FOMC) meeting. The market currently prices a 25-basis-point hike at 77%, a pause at 20%, and larger moves or cuts at 2% each. The FOMC maintains a schedule of eight yearly meetings to set this rate, which influences borrowing costs and economic activity [2]. Official policy statements and transcripts for the 2026 period will be released following the meeting's conclusion on December 10, 2026 [1][2].